INDIA ART SUMMIT

If you are pursuing up and coming artists from India, you may wish to check out India’s third annual Art Summit. It took place in New Delhi,   January 20th to 23rd but you can follow some of the emerging  and established artists on indiaartsummit.com. Eighty-four galleries from twenty countries managed to sell about 50% of works shown, claiming a spot in the global market. This will be an interesting development to watch as this venue  establishes itself as India’s single largest platform for modern and contemporary art.  Prices started in the low thousands. One gallery owner from Mumbai reported that she was unprepared for what happened, when all three editions of a $ 13,000 neon lighted-and-acrylic piece by Tejal Shah were snapped up.  And a New Delhi gallery sold 10 contemporary pieces ranging in price from $ 7,700 to $ 270,000. Not all works offered were by Indian artists. According to the New York Times, two galleries sold paintings by Picasso, each selling for more than $ 1,000,000. One of the principal buyers  and supporters of contemporary Indian  art  and an influential art  collector in India is Kiran Nadar who founded the Kiran Nadar Museum of Art,  with paintings by  Souza and Raza (his Sarashtra painting bought for $ 3.5 million). Together with the Devi Art Foundation of New Delhi, and two other private museums planned for  Coimbatore and Kolkata, these private museums make up for the absence of contemporary art from public museums in India.

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